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RHEEM ARKANSAS FEDERAL CREDIT UNION

Dec, 31, 2023 — RHEEM ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $4.45 million in total assets. Opened 53 years ago in 1971, RHEEM ARKANSAS FEDERAL CREDIT UNION has about 1,121 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RHEEM ARKANSAS FEDERAL CREDIT UNION
Address:
(Main Office)
4301 REGIONS PARK DR STE 5A
FORT SMITH, AR 72916-9382
Phone:(479) 242-2771
Fax:(479) 242-2792
Website:https://www.rafcu.us
Branches:1 branch locations
Members:1,121
Credit Union Type:Federal Credit Union
Charter Number:24293
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1971
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$4,446,711
CEO/Manager:Mackenzie Jones
Chairperson:Darin L Miller

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 946,747
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 318,661
 Other Loans 2,772,071
 TOTAL LOANS 3,090,732
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,428
 Land And Building 0
 Other Fixed Assets 2,855
 NCUSIF Deposit 40,768
 All Other Assets 0
  TOTAL ASSETS 4,446,711
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,052
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 430,740
 Regular shares 2,353,275
 All Other Shares & Deposits 1,154,236
  TOTAL SHARES & DEPOSITS 3,938,251
  TOTAL LIABILITIES 3,943,303
 Regular Reserve 0
 Other Reserves 87,032
 Undivided Earnings 416,376
  TOTAL EQUITY 503,408
  TOTAL LIABILITIES, SHARES, & EQUITY 4,446,711
INCOME & EXPENSE  
 Loan Income 108,966
 Investment Income 1,442
 Other Income 34,124
 Total Employee Compensation & Benefits 40,146
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 141,384
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,735
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -39,127
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